No salary for Sergio Marchionne

Chrysler CEO Sergio Marchionne would have been subject to federal review if he’d taken an income in 2011, notes numerous sources. So he determined it would be best not to do so. Chrysler compensated him no salary or stock options last year, unlike Fiat, which compensated their CEO an undisclosed amount in both.

Fiat owns over half of Chrysler

A report was also filed by Fiat on Tues about the company’s financial info. It is known that Sergio Marchionne got paid by the company, but the report did not say how much he got compensated. Fiat paid $4.5 million in 2010, which was the same year that he got $600,000 in stock and other awards from Chrysler without salary or bonuses. Fiat owns 58.5 percent of Chrysler.

Payment for other CEOs

Last year, Ford CEO Mulally received $26.5 million on payment. The year before, he was given 2.85 million shares of Ford stock. The stock is worth $34.5 million currently, according to the Free Press. Seeing these numbers makes Marchionne’s lack of 2012 salary even more surprising.

CEO Dan Akerson of GM got $5.3 million in stock compensation — $2 million was restricted — and earned $1.7 million in total salary.

Because Ford did not accept automotive bailout dollars from the federal government, the automaker’s payment practices did not fall under review by the U.S. Treasury. If Marchionne had been compensated in 2011, his total income and compensation would have been reviewed by treasury officials. Government officials would have paid close attention to the manner of compensation, particularly as it might have related to Chrysler’s 2009 emergency Chapter 11 bankruptcy.

Paying back bailout funds

Marchionne explained that Chrysler and Fiat are both going to stay on course now that they have paid all automotive bailout loans from the United States and Canadian government back. The last payment, according to the Free Press, was paid in May of last year.

“We’re going to remain competitive, but I think the industry itself has learned how to be much more cautious,” he said. “We intend to follow that trend, and I don’t think we should be breaking with what I consider to be a … institutionalized trend today in the marketplace.”

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Cars may have to get 56 mpg by 2025

A week ago the administration met with the large 3 United States car manufacturers to talk about having all automobiles and light trucks meet a standard of 56.2 mpg requirement by 2025. The strategy would mean increased expenses for cars, but supporters say the difference could be made up by customers at the pump. But some say the program is too ambitious.

Meetings with companies

Ford, Chrysler and GM all met with the administration officials in private meetings to discuss a program. As reported by a document represented at the meeting, the average price of a car would increase $2,100 to fulfill the proposed requirement. The National Highway Traffic Safety Administration will work together with the Environmental Protection Agency (Environmental Protection Agency) to choose on the rule. September 30 is when it has to be done by.

Already expecting a high standard

It is a compromise that the figure is so low. Already, 35.5 mpg is expected by 2016. Car manufacturers are working on that. Specifications have to range between 47 miles per gallon and 62 mpg between 2017 and 2025. This is what the Environmental Protection Agency and Transportation Department considered acceptable. The new standard would expect a huge improvement. Every intervening year, a 5 percent improvement would be necessary.

The requirements some want

Environmental groups want the higher standard of 62 miles per gallon. Roland Hwang is at the Natural Resources Defense Council. As the transportation program director, he said, “Fifty-six mpg, while not as ambitious as the level we have been advocating, is a doubling in fuel efficiency from today’s average passenger vehicle and would cut drivers’ fuel bills in half.”

Dan Becker is at the Center for Auto Safety as the director of the Safe Climate Campaign. He said, “It is not just the number that matters. It’s the loopholes underneath it. And automakers will look to turn whatever number it is into Swiss cheese.”

A government analysis has shown that to achieve 62 miles per gallon, all vehicles would be required to be gas-electric hybrids.

Bailey Wood believes it will not take place

Baily Wood is a National Automobile Dealers Association spokesman. He believes that it will be impossible to get to the proposed 56.2 miles per gallon figure. “Overly ambitious standards set 14 years in the future risk severe economic harm if consumer wants and needs are not met,” he said.

Statements made by two of the three

GM’s North American president Mark Reuss was optimistic. “When you put those things in for the first time, they may be more expensive. But this is a volume and scale industry. What was very expensive in the past is no longer very expensive.”

Christin Baker, a spokeswoman for Ford, was more cautious. Ford could be willing to support a “national program that is data driven and factors in the impact of this rule-making on jobs, the economy, consumers and safety.” The 56 mpg figure was not mentioned at all by her.

Right now, there has not been a comment made from Chrysler.

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Chrysler History

Walter Chrysler and Chrysler Corporation

The car maker Chrysler history began in the early 1920s, when Walter Chrysler left Willys to overhaul the Maxwell Car Company. 1924 saw the launch of the Chrysler Automobile, a well-received car that included attributes which, at the time, were restricted to far more costly automobiles. Amongst these were an air filter on the carburetor and an oil filter. In 1925, the Maxwell Car Company was reorganized in to the Chrysler Corporation.

Chrysler innovations

In its early years, Chrysler introduced revolutionary new attributes that would later be used by nearly every automobile manufacturer including ridged rims which kept a flat tire from coming off the wheel and rubber engine mounts to lower engine vibration traveling through the rest of the car.

Chrysler History

The Chrysler Corporation went through quite a few alterations over the decades. In 1928, a deal brought about the purchase of the Dodge nameplate from the Dodge Brothers. 1928 also saw the introduction of the Plymouth nameplate which was an integral element of Chrysler’s line-up till 2001 when the nameplate was dropped. In 1987, Chrysler gained a controlling share in Jeep-Eagle and started manufacturing the long-running Jeep line of vehicles. In 1998, Chrysler merged with German auto manufacturer Daimler AG to become DaimlerChrysler AG (see also Mercedes Benz car history). In 2007, Ceberus Capital Management acquired a controlling stake in Chrysler and finished its purchase of the remaining stock in 2009.

The 1960s and early 1970s had been a high point for Chrysler due, in large component, to the NASCAR racing success of the Dodge nameplate. Richard Petty’s blue #43 Roadrunner Superbird car has grow to be one of the most recognized automobiles in the planet and was even represented as the King (Strip Weathers) in the Disney/Pixar animated film “Cars”. The 1969 Dodge Charger was a also highlighted prominently in the television series “The Dukes of Hazzard” from 1979-1985.

By far the most Successful Chrysler Models

Chrysler has had a number of thriving models such as the 300, the Dodge Charger, as well as the Dodge Challenger/Plymouth Barracuda. More lately, Chrysler has surprised the automotive planet with retro-styled automobiles which have been well-received such as the Dodge Prowler plus the new Dodge Challenger. In 2006, the re-introduced the Dodge Charger model as well, although this did not feature the retro-styling of the Prowler or the Challenger. In 1992, Chrysler entered the world of world-class sports automobiles with the Dodge Viper, a V-10 powered sports vehicle created to compete with cars like the Chevrolet Corvette (read GMC history) as well as the Porsche 911 (read Porsche history).

Like its rival, Ford (read Ford history), Chrysler very carefully managed its nameplates according to design. Plymouth was the economy line, Dodge became the mid-grade and performance name, and Chrysler was reserved for their high-end luxury line of vehicles. The purchase of the Jeep nameplate gave them instant recognition in the Sport/Utility vehicle market.

During its eight decade Chrysler history, the corporation has been an innovator and has had a strong influence in the auto manufacturing business all through the globe. It has also observed its troubles as the #3 American auto manufacturer, but has managed to endure and survive through all its trials and tribulations.

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Car Analysis Tips And Tricks

It’s possible to determine what’s wrong with your car simply by taking a precise look at your car. Simply by asking common-sense and straightforward questions, chrysler extended auto warranty diagnosis becomes a lot simpler than some others make it out to be. This article will be able to show you what actions can be taken in order to properly assess and diagnose car problems. The right chrysler extended warranty can make all the difference when insuring your car.

The very first thing you will be able to do is look beneath your vehicle and see if you notice any spots, which could be stains from leaking fluids. Looking for soaked spots is crucial since it can be a serious problem if there is any wet spot, but this is not always the case. What color or shade is the fluid, what’s the smell? Yellowish-green, orange, along with blue colors frequently suggest that there is an antifreeze leak or an overheated engine. The radiator could possibly be leaking, or perhaps a water pump could use restoring. If this is the issue, your best choice of action is always to go to the repair shop. Engines that happen to be leaking engine oil, which is a dark brown or black oily liquid, is a symptom that happens frequently. The problem could be the result of a bad seal or gasket, which means you need a reputable mechanic right away, and be prepared for an expensive repair bill.

When power steering and transmission seem to be seeping you will see an oily red fluid that is leaking. Again, a mechanic who knows what he is doing is the very best choice. There is nothing to be troubled about if you happen to see a clear liquid, because this is just condensation that is coming from the air conditioner inside your vehicle. You might have a jammed brake, when you see light smoke coming from a wheel, and with this you better call a tow truck. A general rule is whenever you see smoke from your vehicle, call the repairman. You might be able to diagnose the problem by sniffing around your car. Burning insulation and even electrical shorts will often smell of burned toast. Don’t ever drive it anywhere, and have a mechanic come have a look at it.

A flooded engine can cause your car to fail and will smell like gas. Just after a few minutes, try again. A gas system drip is a plausible problem in case the odor of gas isn’t eliminated. This definitely will demand immediate attention, because it might be a dangerous problem, potentially. Stopping and moving to the edge of the street is what you need to do if you see steam from the hood. If the vehicle overheats, you should stop the moment you can safely. If you do, you may most likely cause serious problems for your engine, so call a tow truck.

All that’s necessary to do is think about some common-sense questions, and just stick to these simple guidelines. Knowing the issue before you call the repair shop can help them out greatly and give you more ease of mind.

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Wedding Automobiles Changes Over The Years

There is a lot of planning to do organising a wedding regardless of its size. Booking a limousine hire Perth company for your wedding transport should be at the very top of your to do list once you set your date to make sure you can book the limo or kind of wedding transport you wish.

When I got married there was not a large amount of choice when it came to wedding car hire Perth. There most well-liked at the time seemed to be Daimlers, Jaguars, Lincoln, Mercedes, Ford LTDs, Holden Statesman stretch limousines and from memory were generally 6 to 8 seaters maximum. In those days the seats were set out in a way that on one side of the limo you would be travelling backwards, which could cause some travel sickness for some of the people.

20 years on Perth brides and grooms are spoilt with a dazzling choice of limousines with 2 – 50 seater limousines for hire in Perth. The seating layouts in limousines today are quite varied, with many of the cars having the great majority of the seats running along the length of the vehicle hence, there’s less seats where passengers are travelling backwards.

The limousines mentioned above that were around 20 years ago and are still very popular limo hire Perth selections for wedding cars today nonetheless , the new youngsters on the block you might say are the hummer, Chrysler 300c, Chrysler 300c Asanti, Mercedes limo bus bus, trams and party bus.

There are lots of limo hire perth companies who cater for not only wedding celebrations wedding showers, proms, music festivals, wine tours airfield transfers, girls nights, 21st, birthdays. With limousines being used for such a lot of different events it is no wonder you want to make your booking well ahead of your event.

The majority of the limo hire fleets have extra wide doors catering especially for large ball gowns reducing the quantity of creasing of the dress before the much anticipated snaps are taken.

Till these current times most wedding parties would book one wedding car for the bride-to-be and groom and another for the bridal party. Today with Limo Hire Perth cars seating between 2 and 50 passengers it’s not always critical to hire the second wedding car as limos today can seat the large bridal party and more if wanted which is a significant advantage for everyone.

Limo Hire Perth operators have wedding packages which generally include red carpet if needed another new offering from days gone past.

Though there are several more new and improved limos to make a choice from today one thing still remains the same and that’s the necessity to book your limo hire transport early regardless of what your occasion.

Frustrated at the countless hours her daughters and their friends
spent sourcing items for their school ball, Kylie a mother of 3 teenage girls
developed a Perth school ball website.
It is designed to help students, parents and school personnel find
businesses providing goods and services for the school ball quickly and easily
all on the one website for anyone involved with a school ball Perth. Including Perth
ball dress shops, suit hire, makeup artists and advice eg limo hire perth tips
etc. Two years on the website has become a well regarded name and the website is now being used formaking wedding planning as well.